Since i am also on a silver accumulation plan like him, my case is more involuntary because i invested in iSilver Trust (SLV) for a short term of 6-12months. That was initial planning. That was then. Now silver has come down to levels which are attractive for further accumulation. Here below is the chart:
If cost of production is between $15-20, (which i read somewhere -I cant verify that information), it would make sense to buy silver below of within that range. Looking at the 5yr chart, it also seems that prices have come down to where is started end of 2009.
Looking ahead, i do believe silver or Gold for that matter is a good asset class to accumulate. Whether we buy physical asset of in the form of ETFs is another discussion altogether. Current spot rate of Silver seems attractive for further accumulation for my case. I will look into this and execute closer to $16.20. Perhaps next week.
